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Filing Details

Accession Number:: 0001628280-23-016876
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-05-09 16:55:05
Reporting Period:: 2023-05-05

Accepted Time:: 2023-05-09 16:55:05
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1653482	Gitlab Inc.	GTLB	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1301262	R Dale Brown	C/O Gitlab Inc. Not Applicable DE	Principal Accounting Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2023-05-05	894	$0.00	16,778	No	4	C	Direct
Class A Common Stock	Disposition	2023-05-05	894	$27.05	15,884	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class B Common Stock	Stock Option (Right to buy Class B Common Stock)	Disposition	2023-05-05	125	$0.00	125	$17.82
Class B Common Stock	Stock Option (Right to buy Class B Common Stock)	Disposition	2023-05-05	769	$0.00	769	$8.90
Class A Common Stock	Class B Common Stock	Acquisiton	2023-05-05	125	$0.00	125	$17.82
Class A Common Stock	Class B Common Stock	Acquisiton	2023-05-05	769	$0.00	769	$8.90
Class A Common Stock	Class B Common Stock	Disposition	2023-05-05	894	$0.00	894	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
28,875	2031-03-17	No	4	M	Direct
58,083	2029-10-22	No	4	M	Direct
125		No	4	M	Direct
769		No	4	M	Direct
0		No	4	C	Direct

Footnotes

Each share of the Company's Class B Common Stock is convertible into one share of the Company's Class A Common Stock at any time and will convert automatically upon certain transfers and upon the earlier of (i) ten years from the date of the closing of the Company's initial public offering (the "IPO"), (ii) the death or disability of Sytse Sijbrandij, the chief executive officer of the Company, (iii) the first date following the completion of the IPO on which the number of shares of outstanding Class B Common Stock (including shares of Class B Common Stock subject to outstanding stock options) is less than 5% of the aggregate number of shares of the Company's common stock then outstanding, and (iv) the date specified by a vote of the holders of two-thirds of the then outstanding shares of Class B Common Stock.
The option exercises and sales reported on this Form 4 were executed pursuant to a trading plan entered into by the reporting person on December 23, 2021 and amended on June 29, 2022 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
Includes shares of Class A Common Stock that have not yet vested. The reported total also includes shares acquired pursuant to the Company's Employee Stock Purchase Plan.
The option will vest as to 25% of the total shares on March 18, 2022, and 1/48 of the total shares will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.
The option vested as to 25% of the total shares on October 1, 2020, and 1/48 of the total shares will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.